On the 13th, Porsche Holding, Volkswagen's largest single Shareholder, announced that it will write down the value of its Volkswagen shares, expecting a range of 7 billion euros to 20 billion euros. Porsche Holding stated in a declaration that the write-down in the value of Volkswagen shares is influenced by multiple factors, including "increased uncertainty in the market environment, demand below expectations, geopolitical tensions, and intensified protectionism." After the write-down, Porsche Holding's performance in 2024 will be "significantly negative," thus withdrawing the previously forecasted profit expectation of 2.4 billion euros to 4.4 billion euros.